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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Post by deslug1on Aug 12, 2016 9:02am
190 Views
Post# 25134760

Neighboring news today... Purepoint mentioned.

Neighboring news today... Purepoint mentioned.

Makena Begins its Largest Athabasca Uranium Drilling Program to Date

 

Vancouver, British Columbia--(Newsfile Corp. - August 12, 2016) - Makena Resources Inc. (TSXV: MKN) (FSE: A1KB6R) (OTCBB: CANSF) (the "Company" or "Makena") has commenced on the next phase of drilling at the Patterson Prospect in the southwestern Athabasca Basin of Saskatchewan. Makena anticipates this next phase of drilling to consist of a minimum of 3-5 holes. This prospect is located in-between Fissions' Patterson discovery, the Pure Point discovery and NexGen Energy, who recently discovered a new high-grade zone of mineralization northeast of their Arrow deposit.

Makena has also recently acquired 4,060 hectares prospective for diamonds in the Athabasca region of Saskatchewan in the direct vicinity of the De Beers' diamond option from CanAlaska Uranium Ltd.

Negar Adam, president of Makena states, "We are very excited to have commenced on the single largest drill program that Makena has undertaken in many years. Makena's previous drilling on the Patterson Prospect has indicated that there is anomalous uranium mineralization in the target area. We expect this drilling will vector towards a larger uranium target in the centre of a prominent gravity anomaly. With drilling now underway, we are optimistic about what this program may uncover and we look forward to potentially game-changing weeks ahead."

If you would like to be added to Makena's news distribution list please send your email address tomakenaresourcesinc@gmail.com

Makena has an option agreement with CanAlaska on the Patterson Prospect and looks forward to utilizing their uranium expertise on this drill program.

Contact Information
Tel: 1.604.685.5150
Fax: 1(604) 689-1733

"Negar Adam"
President, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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